Engineering Economics

Course Name: 

HU300 Engineering Economics

Programme: 

B.Tech (Mechanical)

Semester: 

Sixth

Category: 

Mandatory Learning Courses (MLC)

Credits (L-T-P): 

(3-0-0) 3

Content: 

Basic economic concepts and problems -Theories of demand, supply and Market equilibrium. Elasticity,
demand forecasting, cost terminology. Methods of economic analysis in Engineering- Bases for
Comparison of alternatives. Selection among alternatives, replacement analysis - Evaluating public
activities - depreciation accounting - Estimating economic elements.

References: 

Samuelson P.A. and Nordhans W.D., Economics, 15th ed., McGraw Hill, New York, 1995. Thuesen G.J. and Fabrycky W.J.Engineering Economy, 9th ed., Prentice Hall of India, New Delhi 2002. Sullivan W.G., Bontadelli J.A. and Wicks E.M., Engineering Economy, 11th ed., Pearson Education Asia, New Delhi 2001 Leland Blank P.E and Anthony Tarquin P.E.,Engineering Economy, 4th ed., McGraw Hill, Singapore, 1998.

Department: 

Mechanical Engineering
 

Contact us

Dr. Narendranath S, Professor and Head
Department of Mechanical Engineering, NITK, Surathkal
P. O. Srinivasnagar, Mangalore - 575 025
Karnataka, India.

  • Hot line: +91-0824-2473049

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